PE Q&A For beginners
Hi, I am currently a sophomore in one of the Big 10 business schools. I currently have multiple questions actually, 1) i know a lot of people either get finance &/or accounting degrees, but i was wondering if doing a finance & economics degree would help me stand out in any way. 2) Would getting a CFA or MBA later on be more beneficial. (I know it's rare to go into PE out of college, so i plan on doing some investment banking first then the CFA or MBA)
I was also wondering if I am able to break into IB or PE coming out of undergrad, would it be easier to in a larger more established firm?
1) The only way your major will "stick out" is if it isn't finance and/or economics. Aside from that, no one will care.
2) Yes, but it depends on your experience out of undergrad, If you recruit straight to IB, there would be little/no reason to get an MBA since PE firms heavily recruit from IB. But, if you only get Big 4 or a Corp Dev/FP&A position out of undergrad, then CFA and/or MBA may be your only chance to get to PE eventually. It's all very situation-specific though. This isn't an iron-clad rule.
Okay, thanks for the advice.
I received two bachelor degrees in undergrad (one in econ one in finance) and when I was interviewing for IB multiple people told me I wasted my time on econ and could have used that time to learn more about banking....... so no it won't make you stand out.
So what degree/courses do you think would be more helpful for banking/investing? (aside from finance since I'm already planning on that)
-thanks for the advice by the way.
If you are already getting a finance degree then you're doing what is needed. If you have the option take classes focused towards transactions rather than individual financial instruments IMO. Learn how to model on your own.
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